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the earned income tax credit. i doubled the earned income tax credit. it was signed under the tax credit. reagan started it. we started it with a strong support of republicans in congress. president bush dealt with that, then president obama increased the earned income tax credit for families with more than three children. this is a rejection of basically more than three decades of bipartisan policy to support working families. it's not a bunch of free loaders. there's only 4% of the total population who don't pay federal income tax and don't work and may not be looking for work. we now have the numbers on this, so, i think that most important thing for him is to find a way to relate to more people in these debates and speak to more of them. this is not the republican primary anymore. >> is he principled, do you think? mitt romney? >> that's not the issue, to me. i think he will -- i think he's principled in the sense that he will keep the commitments that he has made. almost all people when they run for president
the earned income tax credit. i doubled the earned income tax credit. it was signed under the tax credit. reagan started it. we started it with a strong support of republicans in congress. president bush dealt with that, then president obama increased the earned income tax credit for families with more than three children. this is a rejection of basically more than three decades of bipartisan policy to support working families. it's not a bunch of free loaders. there's only 4% of the total...
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because as liberals, we want to see the tax on work reduced, the tax on unearned wealth increased, and the system as a whole tilted in favour of those on low and middle incomes. the budget delivered all three. but let me make one thing clear, now that we have brought the top rate of tax down to 45p -- a level, let's not forget, that is still higher than throughout labour's 13 years in office -- there can be no question of reducing it further in this parliament. [applause] all future cuts in personal taxation must pass one clear test, do they help people on low and middle incomes get by and get on? it's as simple as that. at the next election, all parties will have to acknowledge the need for further belt tightening. that much is inescapable. but the key question we will all have to answer is who will have to tighten their belts the most? our position is clear. if we have to ask people to take less out or pay more in, we'll start with the richest and work our way down, not the other way around. we won't waver in our determination to deal with our debts. but we will do it in our own way,
because as liberals, we want to see the tax on work reduced, the tax on unearned wealth increased, and the system as a whole tilted in favour of those on low and middle incomes. the budget delivered all three. but let me make one thing clear, now that we have brought the top rate of tax down to 45p -- a level, let's not forget, that is still higher than throughout labour's 13 years in office -- there can be no question of reducing it further in this parliament. [applause] all future cuts in...
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the vast majority of the taxes collected in fact. we can talk about the tax rate, but it should be noted how close we are getting that rate in the country. that's my two cents have a wonderful evening and terrific weekend. ♪ lou: good evening, everybody. the obama administration tonight is embroiled in a widening controversy with new questions asked of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's choice to be hillary clinton's replacement. all 18 members of which, republicans and democrats, have signed a letter acceptability to the administration asking for a full accounting of the benghazi terrorist attacks and the events in yemen and egypt. the white house continues to give every appearance of stone walling, both the congress and the press. almost three weeks have passed since those attacks, and leaked from within the white house, an intelligence community suggests the obama administration has been involved in an outright cover up. ther
the vast majority of the taxes collected in fact. we can talk about the tax rate, but it should be noted how close we are getting that rate in the country. that's my two cents have a wonderful evening and terrific weekend. ♪ lou: good evening, everybody. the obama administration tonight is embroiled in a widening controversy with new questions asked of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's...
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lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from the e.u. the of every country are making money. there are rich people everywhere yet to they3 there are rich people everywhere yet to they do not contribute to the growth of their own country. lou: there are rich people everywhere. she is worth over 100 million. what is she thinking about? and just have to give them our national sovereignty? what an absurd concept. we are ready to contribute 22% of the when budget almost $8 billion to the united nations. our favorite angry liberal on a quest to offend more people. taking shots at almost everyone on the online t
lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from...
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adam, we're talking about a readmission tax talking about hospitals. >> yeah, this is a part of obamacare, it starts as of today. centers for medicare and medicaid services as of today going forward infiscal year 2013, about two-thirds of all the hospitals who have patients that rely on medicare for their services are going to get a fine of some sort, and it could be as high as 1% of medicare funds that they receive depending on the number of patients who are readmitted to the hospital for these procedures; heart failure, heart attack and pneumonia. now, there's a 30-day window. if a patient is readmitted within that 30-day period and the rate of readmissions at any particular hospital is greater than the national average -- ashley: right, right. >> constantly fluctuating, then you could see this fine up to 1% this year, 2% next fiscal year, 2014, 3% in 2015. going to save about $290 million according to centers for medicare and medicaid services this year -- ashley: this is like penalizing hospitals who are being readmitted too soon -- >> above the national average. now, the hospitals ar
adam, we're talking about a readmission tax talking about hospitals. >> yeah, this is a part of obamacare, it starts as of today. centers for medicare and medicaid services as of today going forward infiscal year 2013, about two-thirds of all the hospitals who have patients that rely on medicare for their services are going to get a fine of some sort, and it could be as high as 1% of medicare funds that they receive depending on the number of patients who are readmitted to the hospital...
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the cut in tax rates? >> the cut in tax rates is lower all americans tax rate business 20%. >> how much does that cost? >> it's revenue neutral. >> unless you take away the deductions. >> we're going to get to that in a second. the first half lowering the tax rates does that cost $5 trillion? >> no. look, i won't get into baseline argument with you because that's what a lot of this is about. lowering tax rates broadening the tax base works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> that was paul ryan on fox news yesterday making the case against math or for time or some combination thereof. these are the moments where i think the romney team has trouble, once you can actually drill down and say, but how does it work? show me the numbers. there is no answer. >> right. paul ryan thinks he can use this kind of policy wonk construction that he's been able to create to evade policy discussions. h
the cut in tax rates? >> the cut in tax rates is lower all americans tax rate business 20%. >> how much does that cost? >> it's revenue neutral. >> unless you take away the deductions. >> we're going to get to that in a second. the first half lowering the tax rates does that cost $5 trillion? >> no. look, i won't get into baseline argument with you because that's what a lot of this is about. lowering tax rates broadening the tax base works and you can --...
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we are without a sales tax and income tax. people understand here that financial decisions have consequences. i can recall in 2000 when john mccain talked about the debt and the deficit the bush campaign at the time said what is he talking about? john mccain beat george bush here by 20 minutes in that prime rare re. bush retooled his message and barely won new hampshire by talking about the debt and the deficit. gregg: kevin in 2010 the last election there, if i understand it, if i recall correctly i think republicans won almost every office, but that doesn't mean it's going to happen that way this year, the pendulum could begin to swing in the other direction? >> that's correct. we had the largest republican sweep for a legislature of any state in the country in 2010. four years earlier in 2006 the democrats took control of the legislature at all levels of power for the first time since the civil war. we are used to this pendulum swinging back and forth. 2000 goes to george w. bush narrowly. 2004 john kerry wins the state nar
we are without a sales tax and income tax. people understand here that financial decisions have consequences. i can recall in 2000 when john mccain talked about the debt and the deficit the bush campaign at the time said what is he talking about? john mccain beat george bush here by 20 minutes in that prime rare re. bush retooled his message and barely won new hampshire by talking about the debt and the deficit. gregg: kevin in 2010 the last election there, if i understand it, if i recall...
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the next six weeks, and over and over again you're going to hear my opponents talk about how bigger tax cuts, fewer regulations, that's the way to go. and since government can't do everything it should do almost nothing. they're making -- if you can't afford health care, then hope you don't get sick. if you can't afford college, borrow money from your parents. you know what? that's not who we are. i don't think government can solve all our problems but government's not the source of all our problems, either. there's some things we've got to do together. we -- instead of going around blaming somebody, unions or immigrants or gays or somebody, for what's going on, what we need to do is pull together. we're all in this together. we believe that america only works when we all accept responsibility for ourselves, and for each other. that's how we -- >> and mr. obama will be on the road through wednesday's first presidential debate. mitt romney heads to colorado tomorrow, where he'll hold a rally, and continue his preparations for wednesday's showdown in denver. he went to church this morning
the next six weeks, and over and over again you're going to hear my opponents talk about how bigger tax cuts, fewer regulations, that's the way to go. and since government can't do everything it should do almost nothing. they're making -- if you can't afford health care, then hope you don't get sick. if you can't afford college, borrow money from your parents. you know what? that's not who we are. i don't think government can solve all our problems but government's not the source of all our...
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eastham thought it was a legitimate use of the taxing power. i think the second and third part more important. the second and third are that, the second is that john roberts saw health care as many people saw health care, as the third in a trilogy of cases, starting with bush v. gore in 2000, citizens united in 2010, obamacare in 2012 your and that, in those first two cases you had five republicans justices dashing the dreams of democrats in what would seem to many as a very partisan case. as they sat down to vote on health care, it looked like the same thing was going to happen. the five republican nominees were going to trash a democratic dream. roberts recoiled from that ip. roberts has a very keen sense of politics in the larger sense. and he knew and cared deeply that the supreme court not be regarded as simply another branch of congress, where democrats and republicans fight. he wanted the court to be seen, if at all possible, as somewhat elevated from the discourse. plus, the third reason worth remembering, that republican conservative a
eastham thought it was a legitimate use of the taxing power. i think the second and third part more important. the second and third are that, the second is that john roberts saw health care as many people saw health care, as the third in a trilogy of cases, starting with bush v. gore in 2000, citizens united in 2010, obamacare in 2012 your and that, in those first two cases you had five republicans justices dashing the dreams of democrats in what would seem to many as a very partisan case. as...
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boosting american manufacturing by ending the tax break that sends jobs overseas and giving tax incentives to companies that start manufacturing businesses here. these are specific tangible proposals and i believe they will pass because i believe the american people are supportive of that. >> but they haven't passed. >> the verdict will be rendered november 6. megyn: joining me now mark hannah, former aid to john kerry and barack obama. kevin, your chots on that exchange? >> that was a revealing look inside the best talking points that president obama has by his top spokesperson on the campaign frame beside himself. if you can't get more prekay tough than education, green energy, research and development, and that's the solutions? those are the pin points for solutions you are offering for an election that's going to be decided on an economy and jobs and the economic growth and development of this nation? megyn, that's pathetic. and i think everyone that watched david axlerod squirm, and candy is not exactly a hostile host, saw the real lack of preparedness. this campaign is demonstrating
boosting american manufacturing by ending the tax break that sends jobs overseas and giving tax incentives to companies that start manufacturing businesses here. these are specific tangible proposals and i believe they will pass because i believe the american people are supportive of that. >> but they haven't passed. >> the verdict will be rendered november 6. megyn: joining me now mark hannah, former aid to john kerry and barack obama. kevin, your chots on that exchange? >>...
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it's not just income taxes. rb everybody who got a 2% payroll tax cut, suggesting it could cost a million jobs if that is expired and is not renewed, and it's going to whack the middle-class family to the tune of about a thousand dollar on average per year and that would -- remember, than the income tax debates. we've got a lot of tax stuff going on. by the way, guys, this is a huge week. what we've got on friday is the monthly jobs number. it's not the last one before the election. we do get one on friday, november 2 nld as well, but these are still very, very big numbers. a big week culminating on the jobs data. watch the debate over taxes once congress starts to focus in on this, if they start to focus in on this, because if they don't, voters may go crazy on them. >> all right. thank you so much, brian. by the way, do you have a favorite heart song? we just had anne and nancy on. >> yeah, it's a song about you and me. how will i get you alone. >> that's great one. takes you back. >> that's the last thing i w
it's not just income taxes. rb everybody who got a 2% payroll tax cut, suggesting it could cost a million jobs if that is expired and is not renewed, and it's going to whack the middle-class family to the tune of about a thousand dollar on average per year and that would -- remember, than the income tax debates. we've got a lot of tax stuff going on. by the way, guys, this is a huge week. what we've got on friday is the monthly jobs number. it's not the last one before the election. we do get...
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if we have a second term and the president raises taxes, keeps regulation in place and keeps running up the massive debt. that's where the word recession comes in. current policies have failed to continue them into next year would possibly mean a recession in the year 2013. very significant with five weeks to go to the election. bill: the gdp is 1.3? that's like belgium. why are stocks up, stuart? >> reporter: that's a very good question. normally when the market heads south you -- normally when the economy heads south the market heads south. but ben bernanke is propping it up. martha: we have a jam packed show for you today. both candidates are hunkered down getting ready for wednesday night's debate in denver. new numbers show how many voters could still be persuaded. bill: disturbing details in fallout from operation fast & furious. new records of dozens of weapons linked to murders and weapons and cartel hitmen. now there are questions about the fate of attorney general eric holder in all of this. >> they don't see the victims. 60,000 people have been killed. and they have been i
if we have a second term and the president raises taxes, keeps regulation in place and keeps running up the massive debt. that's where the word recession comes in. current policies have failed to continue them into next year would possibly mean a recession in the year 2013. very significant with five weeks to go to the election. bill: the gdp is 1.3? that's like belgium. why are stocks up, stuart? >> reporter: that's a very good question. normally when the market heads south you --...